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Traders cut odds of Fed rate cut in June after January jobs surprise
Unexpectedly strong US employment data for January has reduced the odds the Federal Reserve will see a need to cut interest rates again by mid-2026. Worries about rising unemployment, which prompted three rate cuts at the end of 2025 before a pause in January, were likely eased by numbers released on Feb 11 showing that 130,000 jobs were added in January. [....]